Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) Sees Significant Drop in Short Interest

Choice Properties Real Estate Investment Trust (OTCMKTS:PPRQF) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,912,900 shares, a decline of 24.4% from the August 31st total of 2,529,300 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 3,825.8 days.

Analysts Set New Price Targets

Separately, Raymond James initiated coverage on Choice Properties Real Estate Investment Trust in a report on Friday, June 14th. They set an “outperform” rating and a $15.00 price objective on the stock.

Choice Properties Real Estate Investment Trust Trading Up 0.4 %

Shares of OTCMKTS PPRQF traded up $0.05 during trading hours on Friday, hitting $11.20. The stock had a trading volume of 100 shares, compared to its average volume of 19,418. The firm’s 50-day moving average price is $10.53 and its two-hundred day moving average price is $10.01. Choice Properties Real Estate Investment Trust has a 52 week low of $8.60 and a 52 week high of $11.30.

Choice Properties Real Estate Investment Trust Company Profile

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties. We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect.